Vijay commenced business as food grains merchant on 1st April, 2018 with a capital of Rs. 40,00,000. On the same day, he purchased furniture for Rs. 80,000. Form thefollowing particulars obtained from his books which do not conform to Double Entry principles, you are required to prepare the Trading and Profit and Loss Account for the year ended 31st March, 2019 and the Balance Sheet as on that date: {:(,"Rs."),("Sales (including Cash Sales Rs. 2,00,000","5,00,000"),("Purchases (including Cash Purchases Rs. 1,20,000)","4,00,000"),("Vijay's Drawings (in Cash)"," 40,000"),("Salaries to Staff"," 48,000"),("Bad Debts written off","4,000"),("Trade Expenses paid"," 16,000"):} Vijay used goods of Rs. 12,000 for personal purposes during the year. On 31st March, 2019, his Debtors amounted to Rs. 1,40,000 and Creditors Rs. 80,000. Stock-in-Trade on that date was Rs. 1,60,000.